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For any business there is a fine balance between survival and success in the first 5 years of existence. The cost of holding, storing and managing inventory is difficult to overlook or ignore especially if some of the inventory doesn’t perform as well as anticipated. Write-downs, write-offs, non-liquid capital, storage costs and Inventory services costs can and will be an issue for any business at some point.
How to safe-proof your inventory management. Managing stock is fraught with challenges in today's retail landscape. While surplus stock ties up capital and can keep you from re-investing in your business, waiting times on products will deter the modern customer who Wants It Right Now.
End of financial year is fast approaching and excess stock is an issue for all retailers who are similarly looking to reduce their overheads, free up storage and remarket or liquidate surplus inventory in efforts to optimise their financials. It is critical to success of this process that retailers understand the true value of excess merchandise and implement an effective process to maximise recovery value while too, kick starting their next sales cycle.
How to recover excess inventory revenues while protecting the brand
In today’s fast moving marketplace consumers are more demanding, product life cycles are shortening, globalisation is increasing, and retailers are forced to realise revenue growth through solid remarketing strategies.
What do our clients want? It’s the question nearly all of us should be asking ourselves on a daily basis. With media budgets constantly shrinking, marketers continue to tirelessly chase an ROI on their media spend while countless leading brands battle for increased sales.
Never has a business complained of too much cash and too little costs.
More frequently businesses are attracted to corporate trade to help them with growing costs and pressures on inventory sales. Corporate trade allows companies to extract more value from excess, slow moving or even first line inventory.
With media budgets constantly shrinking, marketers continue to tirelessly chase an ROI on their media spend while countless leading brands battle for increased sales. And this in a world of constant evolution, never-ending product innovation, emerging new technologies that ultimately lead to rapidly changing consumer preferences and vice versa. Most of us are going at full speed just to make sure we don’t lose ground to the competition.
Every year expectations rise leading up to the holiday season with sales forecasts looking very promising. It is the time of the year where most retailers across Australia are expecting new product lines to come in and therefore stock up in preparation for the year’s busiest season. However, there are some retailers who still have piles of excess stock taking over their warehouses while waiting to be sold.